Stock Hideout
User Name
Password
Not a member yet?
Register Now!

» Log in
User Name:

Password:

Not a member yet?
Register Now!
View Single Post
  #7 (permalink)  
Old 01-02-2009, 10:26 PM
bluey bluey is offline
Junior Member
 
Join Date: Dec 2008
Location: Orlando, FL
Posts: 1
Default Re: Point & Figure Analysis by Naamplao

I've never bothered with much beyond candlestick, so this is fascinating stuff! Can you clarify the method for calculating the estimated drop when support is pierced?

"To do this calculation, you count the number of columns at the widest point when it fell (horizontal green line) and there is 5 of them. Multiply it by the amount of boxes to a reversal (3 in this case) So 3x5 = 15."

The columns across is simple enough, but I'm confused as to how you got the multiplicand of 3.
Reply With Quote
 

All times are GMT -4. The time now is 09:17 PM.

Checking For Related Data...
© 2009 StockHideout.com - All rights reserved.
Clicky Web Analytics